Wednesday 24 February 2016

Railway stocks trade on a mixed note ahead of Rail Budget 2016

Siemens slipped 1.7% to Rs.999.40; Titagarh Wagons stock trading flat 0.4% to Rs.128; and Texmaco Rail & Engineering gained 0.6% to Rs.134.20.


Railway stocks trading on a mixed note on BSE ahead of the rail budget on Thursday. Shares in Kalindee Rail Nirman Engineers trading flat 0.3% to Rs.138.   The scrip opened at Rs. 136.1 and has touched a high and low of Rs. 140.9 and Rs. 128.7 respectively. So far 720482(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 226.68 crore.

Siemens slipped 1.7% to Rs.999.40. The scrip opened at Rs. 1018 and has touched a high and low of Rs. 1018 and Rs. 993 respectively. So far 156126(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 36220.99 crore.

Titagarh Wagons stock trading flat 0.4% to Rs.128. The scrip opened at Rs. 125.7 and has touched a high and low of Rs. 129.75 and Rs. 120.3 respectively. So far 4363906(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1465.96 crore.

Texmaco Rail & Engineering gained 0.6% to Rs.134.20. The scrip opened at Rs. 134 and has touched a high and low of Rs. 136.95 and Rs. 126.25 respectively. So far 972560(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2806.24 crore.

Railway Minister Suresh Prabhu is planning to boost Indian Railways’ capex by nearly 50%, according to reports. Prabhu Prabhu is planning to keep the transporter’s operating ratio (OR) for this fiscal at a level of below 90%.

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